RBI skips buying US dollar in July for first time in over a decade
Reserve Bank of India (RBI) skipped purchasing US dollars from the forex spot market in July for the first time in more than 11 years, showed RBI data. It sold $2.54 billion during the month to stabilise the rupee. This comes after the Indian rupee depreciated by 2.23% in July, the biggest drop for any month in 2025.